ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $661,950.64 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $24.34, for a total value of $661,950.64. Following the sale, the insider now directly owns 556,191 shares in the company, valued at approximately $13,537,688.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.59, for a total value of $35,455.77.
• On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $89,328.48.
• On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $17,461.02.
• On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.99, for a total value of $18,117.75.
• On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total value of $2,498.00.
• On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total value of $67,687.16.
• On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.92, for a total value of $29,904.00.
• On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total value of $52,311.00.
• On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.57, for a total value of $125,994.96.
• On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total value of $34,569.30.

ACRES Commercial Realty Stock Performance

NYSE:ACR opened at $15.49 on Friday. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. ACRES Commercial Realty Corp. has a 1 year low of $6.62 and a 1 year high of $16.13. The stock’s 50 day simple moving average is $15.08 and its two-hundred day simple moving average is $13.76. The company has a market cap of $123.28 million, a price-to-earnings ratio of 22.13 and a beta of 2.05.

Institutional Trading of ACRES Commercial Realty

Large investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its holdings in shares of ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after purchasing an additional 3,043 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of ACRES Commercial Realty in the 1st quarter worth approximately $172,000. Biltmore Family Office LLC purchased a new position in shares of ACRES Commercial Realty in the 2nd quarter worth approximately $160,000. Acadian Asset Management LLC boosted its holdings in shares of ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after purchasing an additional 16,986 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty in the 1st quarter worth approximately $580,000. Institutional investors own 40.03% of the company’s stock.

About ACRES Commercial Realty

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.